Margins
Keynes book cover
Keynes
Useful Economics for the World Economy
2014
First Published
3.64
Average Rating
133
Number of Pages
Why Keynes is relevant to today's global economic crisis, and how Keynesian ideas can point the way to renewed economic growth. As the global economic crisis continues to cause damage, some policy makers have called for a more Keynesian approach to current economic problems. In this book, the economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes' insights to today's global economy and offers readers a way to understand current policy debates. They survey economic thinking before Keynes and explain how difficult it was for Keynes to escape from conventional wisdom. They also set out the Keynesian analysis of a closed economy and expand the analysis to the international economy, using a few simple graphs to present Keynes' formal analyses in an accessible way. Finally, they discuss problems of today's world economy, showcasing the usefulness of a simple Keynesian approach to current economic policy choices. Keynesian ideas, they argue, can lay the basis for a return to economic growth.
Avg Rating
3.64
Number of Ratings
50
5 STARS
20%
4 STARS
32%
3 STARS
42%
2 STARS
4%
1 STARS
2%
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Author

Peter Temin
Peter Temin
Author · 8 books

Peter Temin (born 17 December 1937) is an economist and economic historian, currently Gray Professor Emeritus of Economics, MIT[3] and former head of the Economics Department. Temin graduated from Swarthmore College in 1959 before earning his Ph.D. at MIT in 1964. Beginning in the 1960s and early 1970s he published on American economic history in the 19th century, including The Jacksonian Economy (1969) and Causal Factors in American Economic Growth in the Nineteenth Century (1975), as well as Reckoning with Slavery (1976), which was an examination of the slave economy and its effects. His papers of the 1960s would reflect intense empirical study as part of his working method, including composition of iron and steel products, which would later be part of his analysis of industrial development. He continued his study of 19th century industrialization with Engines of Enterprise.

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